| The KUIK Market Update for Tuesday, October 20: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (7) | points | 17,223 | 8:15 AM | ||
| S&P500 | Down | 0.0% | percent | 2,033 | (0.79) | ||
| Nasdaq Composite | Down | -0.3% | percent | 4,890 | (15.79) | ||
| 30 Year Treasury | Up | 4 | Basis Points | 2.92 | Annual Yield | ||
| The Commerce Department reports construction of new homes increased 6.5% to a seasonally adjusted annual rate of 1.21 million units in September. Economists expected a 1.14 million-unit pace. After two months of declines, the gain in September brings starts back to just below June’s level, which was an eight-year high. | |||||||
| Hedge funds witnessed the largest asset decline in the third quarter since the financial crisis of 2008 on uncertainty over the Federal Reserve’s interest-rate policy and worries about China. Hedge fund capital sank by $95 billion to $2.87 trillion at the end of the quarter, according to data from Hedge Fund Research Inc. Its index fell 3.9% in third quarter 2015, extending a four-month drawdown of 5.1% and bringing it to minus 1.5% year to date through September. The index outperformed the S&P 500 by 3.7% and the Dow Jones Industrial Average 700 points, the biggest margin since 2008. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/housing-starts-rise-close-to-an-8-year-high-in-september-2015-10-20 | |||||||
| http://www.marketwatch.com/story/european-stocks-pull-away-from-two-month-high-2015-10-20 | |||||||
| For today’s Market Update Report click to listen-> | |||||||